The Energise Commercialisation Now (ECoN) initiative, championed by Senator Oluremi Tinubu in collaboration with the Federal Ministry of Innovation, Science and Technology (FMIST), has called on Nigerian innovators to submit commercially viable inventions for funding and support.
The programme is designed to bridge the gap between innovation and market-ready products, strengthening the country’s innovation ecosystem.
Call for Innovative Submissions
Organisers of the initiative are encouraging inventors, researchers, and tech entrepreneurs across Nigeria to present solutions that demonstrate strong commercial potential.
The programme is focused on identifying ideas that can be transformed into scalable products and services capable of addressing real economic and social challenges.
Key expectations for submissions include:
- Clear commercial viability
- Practical application in key sectors
- Potential for scalability and sustainability
ECoN Initiative: Bridging Innovation and Market Reality
The ECoN initiative is built around the need to close the long-standing gap between research output and commercialisation in Nigeria.
Many innovations developed in academic and research institutions often struggle to reach the market due to:
- Limited access to funding
- Weak industry linkages
- Insufficient incubation structures
The programme aims to address these challenges by providing structured support for selected innovators.
Funding and Technical Support
Successful applicants under the initiative are expected to benefit from:
- Funding opportunities for product development
- Mentorship and technical guidance
- Access to industry partnerships
- Support for intellectual property development
These interventions are designed to help innovators move from concept stage to full-scale production.
Strengthening Nigeria’s Innovation Ecosystem with ECoN
The initiative aligns with national efforts to build a stronger, knowledge-driven economy powered by science, technology, and innovation.
Officials believe that supporting local innovators will:
- Create new jobs
- Boost industrial productivity
- Reduce dependence on imported technologies
- Improve Nigeria’s global competitiveness
ECoN Initiative Encourages Youth Participation
The ECoN programme is also expected to encourage greater youth participation in science and technology.
Young innovators are seen as key drivers of Nigeria’s future economy, particularly in areas such as:
- Renewable energy
- Digital technology
- Agriculture technology
- Manufacturing and industrial solutions
Conclusion
The call for submissions under the ECoN initiative marks a significant step toward strengthening Nigeria’s innovation and commercialisation pipeline.
By supporting viable inventions with funding and technical backing, the programme is expected to transform ideas into impactful solutions that contribute to national economic growth and development.
